Effects of policy reforms on firm innovation
Yükleniyor...
Dosyalar
Tarih
2022
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Springer International Publishing
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
The regulatory environment in a country is an important factor that affects firm performance. This study investigates the impact of a particular regulation—license requirements for certain firm activities—on the innovation performance of Indian firms in the 1990s. Using a unique firm-level panel data set, it shows that the removal of license requirements led to an eight percentage points higher innovation rate within two years following the reform. We measure innovation as the introduction of new product varieties that had not been produced by the firm before. It takes a longer time for firms to innovate in industries in which they were not producing before. The findings of this study are also robust to the inclusion of controls for other policy reforms that occurred during the period of licensing reform. They also persist in tests with different subgroups of firms and with the use of alternative estimation methods.
Açıklama
Anahtar Kelimeler
Innovation, Research and Development, Regulatory Environment, Regulations, Industrial Policy, India
Kaynak
Review of Industrial Organization
WoS Q Değeri
Scopus Q Değeri
Cilt
Sayı
Künye
Şeker, M. ve Ulu, M.F. (2022). Effects of policy reforms on firm innovation. Review of Industrial Organization. https://doi.org/10.1007/s11151-022-09861-2
